E-commerce and financial services: Commission replies to FAQs
The European Commission has published answers on its website to a number of frequently asked questions (FAQs) on its Communication on e-commerce and financial services. These include: - What is the link between this Communication and the e-commerce Directive? - Does the Communication make any suggestions for future legislation? - What does the e-commerce Directive do? - Why are there certain derogations from the e-commerce Directive for financial services? - Does the Communication aim to reopen the debate on these derogations? - How will you create a coherent legal framework? - What do you mean by harmonising core marketing rules? - How do you ensure convergence of sector/service specific rules? - How do you intend to minimise the differences in national rules applying to financial service contracts? - What is the role in the financial services area of the planned Commission analysis under the e-commerce Directive of whether the Member Sates' measures in the interests of consumer and investor protection are proportionate? - How do you intend to reassure consumers that they will get proper redress in case of a problem trading a financial services product on-line? - How can e-commerce take-off if the consumer won't make payments on the net? - How do you intend to respond to the challenge of supervising on-line cross-border services?